Peoplesoft Finance GL & Accounts Payable MCQ
This Peoplesoft Finance GL & Accounts Payable MCQ Quiz contains few questions as a free online practice test.
1. what accounting entries will be created for Payment Entered and Posted, Discount Taken
a) Control Account debit , Cash account credit & Discount earned credit
b) Control Account credit , Cash account debit & Discount earned credit
c) Control Account credit , Cash account debit & Discount earned debit
d) Control Account credit , Cash account credit & Discount earned debit
2. _______ is a type of business unit that is designed specifically to support consolidated reporting.
a) Elimination unit
b) Consolidation Unit
c) Set-off Unit
d) Intra-Unit affiliate
3. Which is the commonly used chartfield to enforce the document tolerance feature in Purchasing module?
a) Business unit
b) Project ID
c) Account code
d) Fund code
4. While approval processing user has decrease the quantity of the item where is the setup which will allow to Resubmit Workflow for Quantity or Price Decrease
a) Procurement Options –> Purchasing Approval
b) Enterprise Components –> Approvals
c) Purchasing Definition
d) Purchasing Options
